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https://www.accountingtools.com/articles/2017/5/10/fob-shipping-point
Jan 24, 2019 · The term FOB shipping point is a contraction of the term "Free on Board Shipping Point." The term means that the buyer takes delivery of goods being shipped to it by a supplier once the goods leave the supplier's shipping dock. Since the buyer takes ownership at the point of departure from the supplier's shipping dock, the supplier should record a sale at that point.
https://www.myaccountingcourse.com/accounting-dictionary/fob-shipping-point
Definition: FOB shipping point, also called free on board shipping, is a set of delivery terms that transfers the title of goods to the buyer when the shipment is placed on the truck for delivery. It also indicates that the buyer is required to pay for the shipping costs.
https://www.accountingcoach.com/terms/F/fob-shipping-point
FOB shipping point definition. Terms indicating that the buyer must pay to get the goods delivered. (The buyer will record freight-in and the seller will not have any delivery expense.) With terms of FOB shipping point the title to the goods usually passes to the buyer at the shipping point.
https://www.freightpros.com/blog/fob-meaning/
Mar 30, 2020 · If the shipping contract uses the term “FOB shipping point”, the department store chain is responsible for any damage or loss during transit and shoulders the cost of insuring the shipment.
https://www.shipware.com/blog/fob-shipping-point-vs-destination/
Mar 23, 2020 · FOB destination, sometimes called FOB destination point, means that the buyer takes ownership from the shipper upon delivery of goods, usually at the buyer’s receiving dock.
https://www.investopedia.com/ask/answers/052515/what-distinction-between-free-board-fob-shipping-point-and-destination.asp
May 13, 2019 · FOB shipping point, also known as FOB origin, indicates that the title and responsibility of goods transfer from the seller to the buyer when the goods are placed on a delivery vehicle.Author: Steven Nickolas
https://www.freightquote.com/blog/what-does-fob-mean-in-freight-shipping/
May 21, 2019 · However, a shipment designated FOB Origin technically belongs to the buyer/consignee at the time that it is shipped. So, the consignee would be refusing delivery of goods it legally owns and bears the risk for. The seller has no legal reason to accept those goods back and the return shipment could possibly result in additional damages.
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